In today’s Startup Therapy Podcast, Wil and Ryan talk about opinions that do not matter when a company sells. A lot of founders are stigmatized for selling their Startups for too little. Too little in a sense that these non-founders only think of the numbers and not the value and work put into building the business. And the glaring truth is that they have never had that much money in their entire life! So their opinions aren’t valid.
Show Notes
In today’s Startup Therapy Podcast, Wil and Ryan talk about opinions that do not matter when a company sells. A lot of founders are stigmatized for selling their Startups for too little. Too little in a sense that these non-founders only think of the numbers and not the value and work put into building the business. And the glaring truth is that they have never had that much money in their entire life! So their opinions aren’t valid.
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Resources:
What to Listen For
- 00:00 Intro
- 00:53 To those who said, “That founder sold the company for too little.”
- 05:38 The lack of self-awareness of people making unnecessary comment
- 09:42 The unsolicited comment will constantly haunt the founder
- 13:46 Shooting back at the trolls just brings more trolls
- 17:49 $2M is $2M, how is that bad?
- 21:31 You can’t belittle $2M if you don’t have it
- 23:59 People are just chasing more without a clear objective
- 28:15 If the amount is relative to the founder’s needs, it’s a winning sale
- 30:00 Not all founders are able to sell their business
- 35:32 Founders shouldn’t lose sight of their accomplishment
What is Startup Therapy?
The "No BS" version of how startups are really built, taught by actual startup Founders who have lived through all of it. Hosts Wil Schroter and Ryan Rutan talk candidly about the intense struggles Founders face both personally and professionally as they try to turn their idea into something that will change the world.